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Best International Savings Accounts in Belgium in 2024

Mariana Vilaça| Updated: March 12, 2024

Choosing the right platform to invest your money in a savings account becomes more challenging when faced with many offers in the market. The Belgian market is no exception, with numerous platforms vying for our attention, making it difficult to keep track of the best high-yield savings accounts.

In this article, we will present a range of international options that, in our opinion, stand out as some of the most valuable choices in the market. These options are notable for the security they provide, their excellent reputation, and, of course, the high yields they offer to their users.

Brokerage Firm Interest Rate (per annum)
Trading 212 4.20%
Trade Republic 4.00%
Interactive Brokers IBKR Pro 3.40%
Lightyear 3.25%
Saxo Bank 2.64%

Updated as of 28th of February, 2024

Trading 212 Interest Rate

  • Interest rate on offer: 4.2% on EUR balances.
  • Paid daily.
  • No minimums or maximum limits for receiving interest on uninvested cash.
  • Withdraw anytime.
  • The ICF protects your uninvested cash up to a limit of €20,000 and is additionally insured up to €1M by Lloyd’s of London.
Best International Savings Accounts in Belgium in 2024 1

Source: Trading 212

Founded in 2004, Trading 212 is a brokerage firm based in the UK that offers commission-free stock and ETF investments plus CFDs on stocks, indices, commodities, and forex.

Trading 212 provides interest rates for uninvested/parked cash in 13 currencies, including EUR, and all account types are eligible for interest. With daily payouts, you can earn a competitive 4.2% interest rate for EUR. This is made possible through a mix of interest earning products and vehicles such as qualifying money market funds, time deposits and current accounts. You can check important information about it here

If you choose to use the Trading 212 platform, you can receive a free share worth up to €100. Follow this link to learn how.

Interested in knowing more about Trading 212? Read our Trading 212 Review.

Trade Republic Interest Rate

  • Interest rate on offer: 4% on EUR balances.
  • Paid monthly.
  • Only balances up to €50,000 will be eligible for earning interest.
  • Unlimited withdrawals (withdrawals below 100€ have a 1€ fee).
  • Your uninvested cash is held with Solaris SE, Citibank Europe plc, Deutsche Bank AG, or J.P. Morgan SE, covered by a deposit guarantee scheme up to €100k.
Best International Savings Accounts in Belgium in 2024 2

Source: Trade Republic

Established in 2015, Trade Republic is a German-based discount broker specialising in stocks, ETFs, cryptocurrencies, and derivatives. Their mission is to empower everyone to generate wealth by providing easy, safe, and free access to the financial system. With over 4 million customers managing assets exceeding €35 billion, Trade Republic has expanded its presence to 17 countries.

With Trade Republic, you can earn interest at a 4% rate on your uninvested cash. However, it’s essential to ensure that your balance is at least €50,000; otherwise, you will not be eligible for interest. Additionally, to open a savings account in Belgium, you must be over 18 years old, possess a smartphone with an IOS or Android operating system, and have a permanent residence in Belgium with tax liability there.

Concerned about the safety of your funds? Rest assured, Trade Republic legally protects all your cash account funds up to €100,000 per investor. These funds are securely held with one of their partner banks: Solaris SE, Citibank Europe plc, Deutsche Bank AG, or J.P. Morgan SE, all subject to supervision by the Deutsche Bundesbank and the BaFin.

Interested in knowing more about Trade Republic? Read our Trade Republic Review.

Interactive Brokers Interest Rate

  • Interest rate on offer: 3.4% IBKR Pro on EUR balances.
  • No interest is paid on balances less than €/10k.
  • The level of protection you will receive for your money on deposit will vary from jurisdiction to jurisdiction. For Belgium residents, the Interactive Brokers subsidiary is Interactive Brokers Ireland Limited (IBIE).

Founded in 1978, IBKR is one of the world’s most trustworthy brokers. It offers an enormous range of financial products (stocks, ETFs, Options,…), and low currency conversion fees (FX fees). It also launched IBKR GlobalTrader, a modern mobile trading app to trade stocks, ETFs, and options, ideal for novice investors.

Interactive Brokers provides interest rates for various currencies, including EUR. Through IBKR Pro, IBKR offers interest at varying rates and minimum amounts for uninvested cash, depending on the currency type. For EUR balances,  IBKR Pro offers interest at 3.399% with a minimum balance exceeding €10,000 to qualify for interest payments.

The protection for your deposited cash with Interactive Brokers varies across jurisdictions. For Swiss residents, it is Interactive Brokers Ireland Limited (IBIE). For detailed insights on protections with IBRK, check our separate blog post. We also offer a comprehensive review of IBRK’s services for those seeking more in-depth information.

Lightyear Interest Rate

  • Interest on offer: 3.25% on EUR balance.
  • Paid on the 1st of every month.
  • No minimums or maximum limits for receiving interest on uninvested cash.
  • Your money is not covered by a deposit guarantee scheme, but safeguarding is in place for customer funds up to the amount of 20,000 EUR by the Estonian Investor Protection Sectoral Fund.
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Source: Lightyear

Lightyear is a European investment app that operates via the entity Lightyear Europe AS, authorised and regulated by the Estonian Financial Supervision Authority (EFSA). Clients’ assets are covered up to €20,000. Lightyear offers no Lightyear execution fees for ETFs (other fees may apply). It gives you access to US, UK, and European stocks and one of the highest interest rates on uninvested cash in the market for EUR.

With Lightyear, you can earn a fixed interest rate of 3.25% on your uninvested cash, regardless of your amount. There are no minimum or maximum requirements for earning interest. Your interest is accrued daily and paid on the 1st of every month.

Curious to learn more about Lightyear? Take a deeper dive with our detailed review.

Saxo Bank Interest Rate

  • Interest on offer: Beyond €20,000 and up to €200,000, you will receive variable interest, which increases proportionally to the cash balance; 2.64% for EUR balances up to €200,000
  • Saxo Belgium customers enjoy interest rates that are exclusively applicable to them.
  • Paid monthly.
  • Only balances up to €20,000 will be eligible for earning interest.
Best International Savings Accounts in Belgium in 2024 4

Source: Saxo Bank

Launched in 1992, Saxo Bank is one of the most solid financial entities in the brokerage industry, with a proven track record of success. Saxo is a multi-asset broker providing retail and institutional clients access to a full suite of investment products, such as stocks, bonds, funds, derivatives, etc. Saxo Bank also has a proprietary trading platform (SaxoTraderPRO) and high-touch customer support.

At Saxo Bank, interest rates are specific to Saxo Belgium customers, making it challenging to determine the potential earnings. To qualify for any interest, a minimum balance of €20,000 is required. Between €20,000 and €200,000, customers receive variable interest rates that increase proportionally with their cash balance. The more cash held, the higher the interest rate on the balance. Balances exceeding €200,000 enjoy the maximum interest rate of 2.64%.

To assist you in this task, Saxo Bank provides a calculator. With it, you can estimate your annual interest income based on deposit levels.

Do you want to know more about Saxo Bank? Read your review.

Is it safe to leave your uninvested cash in a brokerage account?

Ensuring the safety of uninvested cash in your brokerage account is a top concern for investors and savers alike. While traditional banks have been considered a secure option, with EU countries implementing safeguards like the Deposit Guarantee Scheme, it’s noteworthy that many popular brokerages across the EU are also covered by this scheme, Belgium is one of them. These brokerages establish partnerships with banks to manage client funds, providing a similar level of safety as traditional banks (assuming they are covered by a Deposit Guarantee Scheme). 

Before deciding to deposit your money into a brokerage savings account for interest, it is advisable to thoroughly review the broker’s policies and terms and conditions to confirm its coverage under a Deposit Guarantee Scheme.

Should I earn interest on my uninvested cash through a broker or in a regular savings account?

A key trait prosperous investors share is cultivating patience while anticipating investment opportunities. However, when the moment arrives, swift action is crucial to capitalise on it.

Storing the cash designated for investments in a standard savings account poses a challenge, as transferring funds from your savings account to your brokerage account may take a few working days, potentially causing you to miss out on opportunities.

Opting to keep these funds directly in your brokerage account enables quicker response times, allowing you to seize opportunities promptly. This proactive approach ensures you stay ahead in the dynamic investment landscape.


The 2024 landscape for international savings accounts in Belgium offers a variety of options. From Trading 212‘s competitive rates to the reliability of Trade Republic, flexibility with XTB and Interactive Brokers, a fixed rate with Lightyear, and variable rates from Saxo Bank, each platform caters to different needs.

While safety is assured through Deposit Guarantee Schemes, it’s imperative to scrutinise individual platform policies for coverage. The ability to swiftly respond to market opportunities is a key advantage of storing cash directly in a brokerage account.

In conclusion, this article provides a range of choices. However, investors should carefully assess their financial objectives, considering interest rates, safety measures, and overall platform suitability, to make an informed decision.

Mariana Vilaça
Fintech Analyst

Mariana is currently a finalist in Management program at the University of Minho, and she also serves as a digital ambassador for a leading Big4 company in the field of financial consulting, Ernst & Young.

Mariana's primary areas of interest revolve around the exact sciences, numbers, and the financial sector. Presently, Mariana holds the position of COO at a junior initiative within her university, dedicated to promoting financial literacy among the youth and addressing the educational challenges faced in Portugal.